Plato Gold Reports on First Quarter Results
For Immediate Release
Plato Gold Reports on First Quarter Results
Toronto, May 23, 2019 – Plato Gold Corp. (TSX-V: PGC) (“Plato” or the “Company ”), an
exploration company with a portfolio of properties in Northern Ontario and Santa Cruz,
Argentina is pleased to report the three months financial results for fiscal 2019 and 20 18, as
summarized below:
Three Months Ended
(Unaudited)
March 31, March 31,
2019 2018
Income $ 1,263 $ 847
Net loss and comprehensive loss $ 18,427 $ 93,529
Loss per common share
basic and diluted $ (0.00) $ (0.00)
Weighted average number
of common shares outstanding
basic and diluted 197,499,727 167,400,713
For full details, please visit us at www.platogold.com.
About Plato Gold Corp.
Plato Gold Corp. is a Canadian exploration company listed on the TSX Ve nture Exchange with
projects in Marathon Ontario, Timmins Ontario and Santa Cruz, Argentina.
The Good Hope Niobium Project consists of a total of 254 claims, consisting of 227 Single Cell
Mining Claims and 27 Boundary Cell Mining Claims, and covers an area of approximately 5,100
hectares in Killala Lake Area and Cairngorm Lake Area Townships, near Marathon Ontario. In
May 2017, Plato signed an option agreement with Rudy Wahl and co -owners to acquire 100%
interest in the Good Hope Property.
The Timmins Ontario project includes 4 properties: Guibord, Harker, Holloway and Marriott in
the Harker/Holloway gold camp located east of Timmins, Ontario. Plato holds 50% interest in
the Guibord property with the remaining 50% held by Osisko Mining Inc. (“Osisko”). Osisko
also holds 80% interest in the Harker property with Plato holding the remaining 20%.
In Argentina, Plato owns a 75% interest in Winnipeg Minerals S.A. (“WMSA”), an Argentina
incorporated company. T he Lolita Property , held by WMSA, is comprised of a number of
contiguous mineral rights totaling 9,672 hectares . Work has advanced on this exploration
property to the point that it is drill-ready or ready to be optioned to a partner.
For additional company information, please visit: www.platogold.com.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE.
For further information, please contact:
Anthony Cohen
President and CEO
Plato Gold Corp.
T: 416-968-0608
F: 416-968-3339
www.platogold.com
Forward Looking Statements
This news release contains “forward -looking statements”, within the meaning of applicable securities laws. These statements include, but are not
limited to, statements regarding the,potential mineralization and resources, exploration results, and future pl ans and objectives. Generally, these
forward-looking statements can be identified by the use of forward -looking terminology such as “plans”, “expects” or “does not expect”, “is
expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticip ates” or “does not anticipate”, or “believes”, or variations of
such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be
achieved”. Forward -looking statements are based on t he opinions and estimates of management as of the date such statements are made, and
they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, use of procee ds, level of activity,
performance or achieve ments of Plato to be materially different from those expressed or implied by such forward -looking statements, including
but not limited to risks related to: risks related to exploration; actual resource viability, and other risks of the mining i ndustry . Although
management of Plato has attempted to identify important factors that could cause actual results to differ materially from tho se contained in
forward-looking statements, there may be other factors that cause results not to be as anticipated, estima ted or intended. There can be no
assurance that such statements will prove to be accurate, as actual results and future events could differ materially from th ose anticipated in such
statements. Accordingly, readers should not place undue reliance on forw ard-looking statements. The Company does not undertake to update
any forward -looking statements that are incorporated by reference herein, whether as a result of new information, future events or otherw ise,
except in accordance with applicable securities laws.